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Search Results 0 to 14 of about 15 (some duplicates have been removed)
. president obama is warning of dire consequences for all of us in lawmakers don't act quickly. we're talking about those forced budget cuts that take effect march 1st, slashing $85 billion from spending across the board this year. but with just ten days left, the consequences are backing more alarming. president obama outlined some of them today, told congress, let's make a deal while there is still some time. >> my door is open. i've put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigid tea here in washington. visually, the president tried to make that point by having law enforcement officers standing behind him. many of them could lose their jobs. our joe johns is covering that with the different ways that the budget cuts could directly affect you. we also have renee marsh covering the potential cut and how it kol affect the fo
with president obama's very public attempt to pressure congress into putting off billions of dollars in automatic spending cuts, cuts he fears will wreck the u.s. economic recovery. basically he wants lawmakers to kick the can down the road one more time. let's go to our white house correspondent dan lothian. dan is joining us. dan, the president made a little bit of a surprise appearance over in the white house briefing room. >> reporter: that's right. very surprising because the president in the past has criticized these short-term deals saying that this is not what the american people sent their elected officials to washington to do. you have this march 1st deadline quickly approaching. while congress is trying to work on a bigger budget, 1 pine point $2 trillion package, the president says they need more time in order to continue tipping away at the problem. the big concern is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep
the government and the economy? we're also looking into why president obama was completely unaware, supposedly, that several hundred illegal immigrants already have been freed because of the forced spending cuts? and i'll ask new york city mayor's michael bloomberg if he'll run for president in 2016. i'm wolf blitzer. you're in "the situation room." >> let's begin today with the rally on wall street. major gains that can affect your retirement savings and more. dow jones industrials completely erased a steep drop earlier in the week. let's go live to felicia taylor in new york. what happened, felicia? >> ben bernanke in his testimony in washington basically saying that we are going to see quantitative easing through 2016. that's what the market is focused on. yes, we've got better than expected numbers on manufacturing and home sales but when they heard that ben bernanke still believes we aren't going to see unemployment drop to 6.5% until 2016, that means stimulus measures are going to be in place and that's what wall street wants to hear. wo wolf? >> the 14,060, the market had collapsed in 2
doubled under president obama but should he take any credit for it. >>> landing in political trouble, legal troubles may be ahead. >>> if you're among the millions who watch the super bowl just for the commercials, we'll point out the controversial ones you won't want to miss. i'm wolf blitzer. you're in the situation room. today wall street reached a milestone we haven't seen in years. for the first time since 2007, the dow jones industrial average climbed above the 14,000 mark. the average has more than doubled since bottoming out at 6547, 6,547 just after president obama took office back in 2009. let's get quickly to alison kosik. she's at the new york stock exchange. it's just above 14,000, alison. >> it is. what's interesting, as we see the dow cross over 14 thourk for the first time in five years, believe it or not, not everybody thinks it's a big deal. some people say it's a nice round number that we like to talk about and others say, yes, it is a milestone after the economy pretty much fell to pieces. now this is a sign that things are finally come canning back. remember this
president obama's about to take the stage to talk about two of the top priorities from his state of the union speech, jobs and guns. we expect him to connect the need for jobs as a way to get young people off the streets and out of trouble. right now you're looking at some video of cleopatra pendleton. she's the mother of the young girl struck down by gunmen in chicago a few weeks ago, right around the time of the inauguration after she performed at president obama's inaugural. she's one of the guests there for president obama's visit. we'll be going there to chicago as soon as mr. obama starts speaking. but first i want to bring in our chris cuomo who was in chicago right now. he's going to tell us a little bit about what we should expect from the president and what he'll be talking about. obviously, chris, gun violence has been a major issue in chicago for many, many months now and the president has been called to this question, why hasn't he dealt with more forcibly in his remarks in a few moments, chris? >> reporter: that's right. it sets off in the '80s where he began his ca
presidential candidate possible marco rubio will give the republican response to president obama's state of the union address next week. at this, he'll deliver his response in both english and spanish. let's discuss what's going on in our strategy session. joining us, the democratic strategist, paul begala and alex castellanos. alex, what does that say to you that the senators have picked marco rubio? [ speaking in spanish ] >> i think it's a great idea that they are putting him up against a new generation of democrat. barack obama moved the ball forward for democrats and now you're seeing the next generation of republicans step up. he's one of our most talented republicans but also represents new ideas. he's what we would call a bottom up republican. grow the economy up from the bottom up, not top down. >> the fact that he's going to do it in spanish as well, that will appeal to some latinos and hispanics out there? >> absolutely. it's a terrific choice. he's an outstanding speaker. i've seen him speak and he is powerful and mesmerizing. but i think he's made two different primaries. fi
hill. for a short time today, protesters actually shut down today's hearing for president obama's nominee to run the cia. and iran is posting video, it claims, was decoded from a captured u.s. drone. the man president obama wants to run the cia is getting grilled right now at his confirmation hearing. john brennan is getting hardball questions about targeting terrorist ares and whether he supported the cia's enhanced interrogation techniques, including waterboarding. we're going to have a full rourp on that and all of the day's other news right after this. officemax is celebrating our new collaboration with go daddy! with an online package including: domain name, website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadill
of the story coming up later, barbara. thanks very much into here in washington, president obama is doing an end around the national press today. he's taking questions from local tv stations, blaming congress for doing nothing to avoid these forced spending cuts scheduled to take effect in just nine days. so what kind of cuts is the president willing to take? jim acosta confronted the white house press secretary today with that question. jim is joining us now. how did it go? >> reporter: wolf, here we go again. the white house and congress move one day closer to the massive forced spending cuts that go into effect at the end of next week. and even though they both agree it's a problem, they are both busy blaming each other to fix it. the white house sounding the alarm. poor children will be tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these
Search Results 0 to 14 of about 15 (some duplicates have been removed)